UAE-based rig builder Lamprell has reduced its administrative staff by 20 percent ahead of what the company says might be its toughest year yet. Lamprell said in the 2016 financial results statement on Friday that the reduction in administrative staff was achieved through several rounds of redundanc
Alaska-based Resources Energy, a unit of the Japanese company Energy Resources (ERI), decided to cancel the proposed 1 mtpa LNG project at Port MacKenzie.
With a significant oversupply and reduced long-term demand outlook for offshore support vessels in the oil and gas sector, a Danish offshore shipowner is turning to other sectors to keep its fleet busy. Denmark’s Maersk Supply Service, has now teamed up with DeepGreen Resources to recover polymetall
Natural gas spot prices in the U.S. were mixed in most locations in the week ending March 22 with the Henry Hub price dropping slightly from last Wednesday. The Henry Hub spot price dropped from $3.00/MMBtu last Wednesday to $2.98/MMBtu two days ago, according to the weekly report by the Energy Info
The last four transition pieces (TPs) for the Galloper offshore wind farm in the UK have been dispatched from Smulders facilities in Hoboken, Belgium, and are on their way to Rotterdam, where they will be loaded onto the installation vessel Innovation at Sif’s Maasvlakte 2 site.
Norway’s Statoil has found oil and gas at its wildcat well in the Norwegian sector of the North Sea. The company, operator of Gimle Unit and production licence 193, has completed the drilling of wildcat well 34/10-55 S. According to the Norwegian Petroleum Directorate, the company encountered a tota
Some 453 kilos of drugs were found on board a containership at the Port of Santa Marta, Colombia, the country’s Office of the Attorney General said in a statement. Cocaine hydrochloride, believed to be worth around USD 27 million, was discovered in 18 bundles hidden on board Hammonia Emden and desti
The role Australian gas could play in the diverse energy mix beyond 2030 could be strengthened by technology, according to a new vision launched by the country’s gas industry.
The Hague-based LNG giant Shell reached an agreement with Assala Energy Holdings, a Carlyle Group company, to sell its Gabon onshore interests for US$587 million.
After the Danish government sanctioned the life extension plans for the offshore Tyra field, the SH Group has decided to establish a new department in Esbjerg. SH Group develops, produces, and services hydraulic and mechanical system solutions for the offshore, marine, and industrial sectors. The co
Spanish Maritime Safety Agency (Salvamento Maritimo) has located one of the bodies of the two missing crewmembers of the fishing vessel who went missing after their vessel collided with the Russian tanker Midvolga 2. Following the collision on March 20, the boat El Fairell sank three miles from the
By Joyce Lee SEOUL (Reuters) – South Korean state banks are preparing a fresh $2.6 billion (2 billion pounds) bailout for floundering Daewoo Shipbuilding and Marine Engineering Co Ltd, which has built up huge losses from offshore projects and risks missing debt repayments. Without the infusion of fu
Following an agreement between Denmark and Maersk Oil which enables a full redevelopment of the Tyra field in the Danish North Sea, production from the Faroe-operated Trym field off Norway will not cease next year as it had been previously expected. Earlier on Thursday, Maersk Oil informed about the
The world’s first purpose-built LNG bunkering vessel, Engie Zeebrugge, built for Engie, Fluxys, Mitsubishi Corporation, and NYK’s Gas4Sea partnership is set to arrive in Zeebrugge by April 2.
